Incline Village & Crystal Bay Real Estate Update May 21, 2025 | Transitioning into Summer at Lake Tahoe

The Incline Village and Crystal Bay real estate market continues to showcase a dynamic blend of activity, reflecting the seasonal shifts and evolving preferences of buyers and sellers alike. This past week brought a mix of new inventory, price adjustments, and encouraging trends, shedding light on the current state of the market.

This Week’s Market Highlights

✅ 17 New Listings

✅ 11 In Escrow

✅ 7 Price Adjustments

✅ 5 Closings

This week, 22 new listings hit the market, marking a significant influx of fresh opportunities for buyers. Among these listings, we’ve also seen 7 price adjustments. This uptick in price changes suggests that sellers are strategically repositioning their properties to remain competitive, especially as the region experiences a higher inventory compared to past years. With more choices available, buyers hold a distinct advantage, a clear sign of a market that’s leaning in their favor.

However, the pace of transactions has slowed slightly, as only 11 properties went into escrow over the past week and two went pending. This could signal a period of adjustment, with buyers taking their time to deliberate and recognize the evolving market conditions before making their moves. The overall Incline Village and Crystal Bay has a total of 31 properties in escrow, hinting at consistent activity and reflecting patterns seen in healthier markets from years past.

Real Estate Statistics for Incline Village & Crystal Bay

	Houses	Condos	PUDs
For Sale	65	77	8
Under $ 1 million	0	39	2
Median Price for Sale	$3,458,000	$999,499	$2,010,000
YTD Sales 2025	25	27	13
YTD Sales 2024	32	39	8
YTD Sales 2023	14	29	7
New Listings	22
Price Reductions	7
Range in Escrow	$625,000 - $3,895,000
Closed Escrow	5

Please keep in mind that these numbers are based on data from the Incline Village Board of REALTORS® or its Multiple Listing Service as of 05/21/2025